Updates to Grants for the Canary Islands Network of Innovation and Business Development Centers (CIDE)

Overview

The Canary Islands government has approved key updates to the rules governing grants for participating in the Canary Islands Network of Innovation and Business Development Centers (CIDE). These changes aim to streamline the application and management process, building on lessons learned from previous calls.

Key Changes

• Clarification on how grant amounts are calculated:
  • Fixing a 40% fixed funding rate on eligible direct personnel costs
• Detailed requirements for justifying expenses:
  • Beneficiaries will need to submit more precise documentation
  • Including technical and economic reports
  • Proof of public advertising

Purpose and Impact

These updates are part of Spain's broader efforts to boost digital transition and innovation with European Regional Development Fund support.

• Make the grant process more efficient for organizations involved in tech and business innovation in the region
• Help improve research, technology adaptation, and economic growth across the islands

Future Applications

The updates will apply to future calls, ensuring a more streamlined and transparent process for grant applicants.